| HIMIPref™ Preferred Indices These values reflect the December 2008 revision of the HIMIPref™ Indices Values are provisional and are finalized monthly |
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| Index | Mean Current Yield (at bid) |
Median YTW |
Median Average Trading Value |
Median Mod Dur (YTW) |
Issues | Day’s Perf. | Index Value |
| Ratchet | 3.00 % | 3.44 % | 55,052 | 20.15 | 1 | 0.0000 % | 2,913.2 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.1194 % | 5,180.4 |
| Floater | 3.08 % | 3.09 % | 88,920 | 19.43 | 3 | -0.1194 % | 2,985.5 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0972 % | 3,669.7 |
| SplitShare | 4.67 % | 4.13 % | 55,045 | 3.83 | 5 | -0.0972 % | 4,382.4 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0972 % | 3,419.4 |
| Perpetual-Premium | 5.14 % | -2.73 % | 45,308 | 0.09 | 28 | -0.1540 % | 3,255.1 |
| Perpetual-Discount | 4.74 % | 4.88 % | 65,740 | 15.61 | 6 | -0.5168 % | 3,820.1 |
| FixedReset Disc | 3.87 % | 3.96 % | 126,466 | 17.07 | 37 | -0.6410 % | 2,851.3 |
| Insurance Straight | 4.99 % | 4.52 % | 92,153 | 13.88 | 20 | 1.2748 % | 3,636.7 |
| FloatingReset | 2.48 % | 2.77 % | 31,180 | 20.34 | 2 | 0.0000 % | 2,841.6 |
| FixedReset Prem | 4.69 % | 3.76 % | 118,466 | 2.48 | 33 | 0.0430 % | 2,722.4 |
| FixedReset Bank Non | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.6410 % | 2,914.6 |
| FixedReset Ins Non | 4.09 % | 3.82 % | 97,259 | 17.12 | 19 | -0.3464 % | 2,944.2 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| TRP.PR.A | FixedReset Disc | -7.12 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-12-01 Maturity Price : 17.60 Evaluated at bid price : 17.60 Bid-YTW : 4.79 % |
| CM.PR.O | FixedReset Disc | -4.97 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-12-01 Maturity Price : 22.67 Evaluated at bid price : 23.31 Bid-YTW : 4.01 % |
| PWF.PR.P | FixedReset Disc | -3.46 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-12-01 Maturity Price : 17.00 Evaluated at bid price : 17.00 Bid-YTW : 4.17 % |
| IFC.PR.G | FixedReset Ins Non | -3.39 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-12-01 Maturity Price : 23.83 Evaluated at bid price : 24.20 Bid-YTW : 4.23 % |
| BAM.PF.H | FixedReset Prem | -2.91 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2025-12-31 Maturity Price : 25.00 Evaluated at bid price : 26.05 Bid-YTW : 4.13 % |
| TRP.PR.D | FixedReset Disc | -2.60 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-12-01 Maturity Price : 20.63 Evaluated at bid price : 20.63 Bid-YTW : 4.68 % |
| TRP.PR.C | FixedReset Disc | -2.26 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-12-01 Maturity Price : 15.15 Evaluated at bid price : 15.15 Bid-YTW : 4.57 % |
| TRP.PR.E | FixedReset Disc | -2.04 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-12-01 Maturity Price : 20.68 Evaluated at bid price : 20.68 Bid-YTW : 4.62 % |
| CU.PR.I | FixedReset Prem | -1.84 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2025-12-01 Maturity Price : 25.00 Evaluated at bid price : 25.62 Bid-YTW : 3.85 % |
| FTS.PR.K | FixedReset Disc | -1.83 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-12-01 Maturity Price : 21.50 Evaluated at bid price : 21.50 Bid-YTW : 4.13 % |
| MFC.PR.K | FixedReset Ins Non | -1.43 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-12-01 Maturity Price : 23.70 Evaluated at bid price : 24.05 Bid-YTW : 3.84 % |
| PWF.PR.T | FixedReset Disc | -1.31 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-12-01 Maturity Price : 23.17 Evaluated at bid price : 24.10 Bid-YTW : 3.96 % |
| TD.PF.B | FixedReset Disc | -1.22 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-12-01 Maturity Price : 23.12 Evaluated at bid price : 24.20 Bid-YTW : 3.77 % |
| GWO.PR.N | FixedReset Ins Non | -1.18 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-12-01 Maturity Price : 16.80 Evaluated at bid price : 16.80 Bid-YTW : 3.81 % |
| RY.PR.J | FixedReset Disc | -1.09 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2025-05-24 Maturity Price : 25.00 Evaluated at bid price : 24.52 Bid-YTW : 3.83 % |
| FTS.PR.M | FixedReset Disc | -1.08 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-12-01 Maturity Price : 22.44 Evaluated at bid price : 23.00 Bid-YTW : 4.23 % |
| CU.PR.F | Perpetual-Discount | -1.07 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-12-01 Maturity Price : 23.68 Evaluated at bid price : 23.99 Bid-YTW : 4.70 % |
| RY.PR.M | FixedReset Disc | -1.02 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-12-01 Maturity Price : 22.92 Evaluated at bid price : 24.15 Bid-YTW : 3.91 % |
| BMO.PR.W | FixedReset Disc | -1.02 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-12-01 Maturity Price : 23.09 Evaluated at bid price : 24.25 Bid-YTW : 3.73 % |
| RY.PR.Z | FixedReset Disc | 1.12 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-12-01 Maturity Price : 23.23 Evaluated at bid price : 24.37 Bid-YTW : 3.68 % |
| BAM.PF.B | FixedReset Disc | 1.30 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-12-01 Maturity Price : 22.72 Evaluated at bid price : 23.31 Bid-YTW : 4.44 % |
| BAM.PF.A | FixedReset Prem | 1.56 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-12-01 Maturity Price : 23.55 Evaluated at bid price : 24.78 Bid-YTW : 4.43 % |
| BAM.PR.X | FixedReset Disc | 1.66 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-12-01 Maturity Price : 18.40 Evaluated at bid price : 18.40 Bid-YTW : 4.44 % |
| BIP.PR.F | FixedReset Prem | 5.84 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2023-12-31 Maturity Price : 25.00 Evaluated at bid price : 25.01 Bid-YTW : 4.90 % |
| BAM.PF.G | FixedReset Disc | 7.08 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-12-01 Maturity Price : 22.55 Evaluated at bid price : 23.30 Bid-YTW : 4.38 % |
| MFC.PR.C | Insurance Straight | 13.00 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-12-01 Maturity Price : 24.00 Evaluated at bid price : 24.25 Bid-YTW : 4.64 % |
| MFC.PR.B | Insurance Straight | 13.79 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-12-01 Maturity Price : 24.50 Evaluated at bid price : 24.75 Bid-YTW : 4.70 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| SLF.PR.I | FixedReset Ins Non | 814,390 | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-12-31 Maturity Price : 25.00 Evaluated at bid price : 24.96 Bid-YTW : 1.96 % |
| MFC.PR.G | FixedReset Ins Non | 84,200 | YTW SCENARIO Maturity Type : Call Maturity Date : 2022-01-18 Maturity Price : 25.00 Evaluated at bid price : 24.98 Bid-YTW : 3.06 % |
| TD.PF.A | FixedReset Disc | 65,212 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-12-01 Maturity Price : 23.12 Evaluated at bid price : 24.29 Bid-YTW : 3.72 % |
| GWO.PR.P | Insurance Straight | 50,400 | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-12-31 Maturity Price : 25.00 Evaluated at bid price : 25.53 Bid-YTW : -9.06 % |
| NA.PR.E | FixedReset Prem | 47,300 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-12-01 Maturity Price : 23.71 Evaluated at bid price : 24.91 Bid-YTW : 4.01 % |
| TRP.PR.D | FixedReset Disc | 33,716 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-12-01 Maturity Price : 20.63 Evaluated at bid price : 20.63 Bid-YTW : 4.68 % |
| There were 14 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| IFC.PR.E | Insurance Straight | Quote: 22.25 – 26.28 Spot Rate : 4.0300 Average : 3.4086 YTW SCENARIO |
| CM.PR.O | FixedReset Disc | Quote: 23.31 – 24.31 Spot Rate : 1.0000 Average : 0.5685 YTW SCENARIO |
| IFC.PR.G | FixedReset Ins Non | Quote: 24.20 – 25.20 Spot Rate : 1.0000 Average : 0.6412 YTW SCENARIO |
| PWF.PR.P | FixedReset Disc | Quote: 17.00 – 17.75 Spot Rate : 0.7500 Average : 0.5194 YTW SCENARIO |
| CU.PR.F | Perpetual-Discount | Quote: 23.99 – 24.80 Spot Rate : 0.8100 Average : 0.5861 YTW SCENARIO |
| TRP.PR.A | FixedReset Disc | Quote: 17.60 – 18.60 Spot Rate : 1.0000 Average : 0.7890 YTW SCENARIO |
James:
Another one “bites the dust”!
Scotiabank Announces Redemption of Non-Cumulative Preferred Share Series 38
TORONTO , Dec. 2, 2021 /CNW/ – Scotiabank (TSX: BNS) (NYSE: BNS) today announced its intention to redeem all outstanding Non-cumulative 5-Year Rate Reset Preferred Shares Series 38 (Non-Viability Contingent Capital (NVCC)) (“Series 38 Shares”) of Scotiabank on January 27, 2022 at a price equal to $25.00 per share together with declared and unpaid dividends to the Redemption Date (the “Redemption Price”). Formal notice will be issued to the shareholders in accordance with the share conditions.
Cheers!